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...That has left the company rushing to raise more than £3bn in fresh capital by 2030, including £750mn by next year, to keep services running and improve its water and sewage infrastructure....
...The implementation of the scheme follows years of political friction between water companies, local government planners and environmentalists over management of the region’s water resources....
...Meanwhile, a political and public outcry has erupted over service quality and pollution. “Thames Water is a canary in a coal mine,” said one water company investor....
...South East Water, which is under investigation by Ofwat for service failures, declined to comment on the letter....
...In the meantime, public hostility is making it unfeasible for the company to raise fresh equity and service its debt....
...Only about 15 per cent of the country’s water resources have been developed. Almost all farmers depend on rain, as they are not able to store rainwater or pump water from rivers....
...Many believe it should be only a last resort, and that conservation, recycling, and capturing stormwater are better options....
...Much like UK banking, whose services customers expect to get for free, there is a perhaps natural assumption that we shouldn’t have to pay for water either, since it is essential to life and falls from the...
...In practice, however, it has been tough attracting financing to what is a slow-moving, highly regulated sector — and one based around a resource for which, many argue, large companies and agribusinesses...
...Already-poor service levels would deteriorate further. In the meantime, there is a risk of Thames’s toxicity starting to pollute other water companies....
...A broad range of interests, including companies and financial services groups, have attempted for several years to develop voluntary carbon markets to in essence pay for the shift to clean energy....
...John Wood Group, the FTSE 250 engineering services company, should either move its listing to the US or consider a sale, activist investor Sparta Capital Management said on Tuesday....
...resources, and compensating for those losses, in order to stave off the worst effects of climate change on nature.”...
...Unlike intermittent resources such as wind and solar, nuclear can provide a bedrock of 24-hour baseload power....
...This has left US and European power plant operators with little option, in the short term, but to continue buying raw materials and enrichment services from Russia’s state-owned nuclear giant: Rosatom....
...After an unusually warm winter, Washington’s cherry blossoms hit peak bloom about a month ago, the second-earliest flowering in more than a century, according to the National Park Service....
...“We need to make sure that companies are regulated in a way that makes sure that what happens to their balance sheet doesn’t do damage to public services on which we all depend,” Hunt said....
...Scotland and Northern Ireland remain in the state sector, and David Hall, visiting professor at the University of Greenwich, says globally about 90 per cent of water and sewage services are publicly owned...
The utility’s nine shareholders and regulator Ofwat have moved firmly beyond bluff tactics
...Plus, some argue, supplying a much needed disclosure framework could help make the UK a global leader in climate-related financial services....
...Those comments followed a warning by Amazon chief Andy Jassy this year that there was “not enough energy right now” to run new generative AI services....
New entrants including tech-focused traders and hedge funds helped drive unexpected increase in earnings
...Consumer editor Claer Barrett investigates how customer service got so bad....
Despite the trusts’ efforts, their shares continue to trade at discounts to net asset value
...Macquarie put in place a so-called “whole-business securitisation”, where the utility’s cash flows service different tiers of debt....
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